Pioneer Insurance and Surety Corporation was ranked as the leading non-life insurance company in the Philippines based on its assets. In 2025, the company was valued at nearly **Â billion Philippine pesos. Other leading non-life insurance companies were Malayan Insurance and Prudential Guarantee & Assurance, Inc.
Performance of general insuranceÂ
Insurance has previously been perceived as a non-mandatory intangible product in the Philippines. However, as more people realized its importance and its contribution to mitigating risks across significant industries, the value of gross premiums increased. For instance, the value of gross premiums of motor car insurance gradually increased from 2015 until its decline in 2020. Relatively, its growth corresponds to the sales volume of motor vehicles requiring motor insurance.
Non-Life Insurance vs. Life Insurance
Although non-life insurance products show potential growth in the insurance industry, life insurance is still more marketable in the Philippines. Its built-in investment incentive and security for covering life's risks and accidents are two of the reasons for its marketability. 
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Insurance Commission. (February 12, 2026). Leading non-life insurance companies in the Philippines in 2025, by assets (in billion Philippine pesos) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/858855/philippines-leading-non-life-insurers-by-assets/
Insurance Commission. "Leading non-life insurance companies in the Philippines in 2025, by assets (in billion Philippine pesos)." Chart. February 12, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/858855/philippines-leading-non-life-insurers-by-assets/
Insurance Commission. (2026). Leading non-life insurance companies in the Philippines in 2025, by assets (in billion Philippine pesos). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/858855/philippines-leading-non-life-insurers-by-assets/
Insurance Commission. "Leading Non-life Insurance Companies in The Philippines in 2025, by Assets (in Billion Philippine Pesos)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 12 Feb 2026, /statistics/858855/philippines-leading-non-life-insurers-by-assets/
Insurance Commission, Leading non-life insurance companies in the Philippines in 2025, by assets (in billion Philippine pesos) ÌÇÐÄÆƽâ°æ, /statistics/858855/philippines-leading-non-life-insurers-by-assets/ (last visited July 27, 2026)
Leading non-life insurance companies in the Philippines in 2025, by assets (in billion Philippine pesos) [Graph], Insurance Commission, February 12, 2026. [Online]. Available: /statistics/858855/philippines-leading-non-life-insurers-by-assets/
